PENDLE

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After costs, if the gap returns to its 7d average, $10k−$46

spread now+0.090%7d average−0.063%fees + slippage, in and out−$62spread needed0.616%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.5617	0.0039	pay 0.0039% / 8h	6h 16m	$1.4M	$816K	75x
Short	OKX PENDLE-USDT-SWAP	2.5640	0.0100	get 0.0050% / 4h	2h 16m	$3.3M	$5.2M	50x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BloFinbpFee OKXbpOrdersClose when spread is

Slippage from BloFin: live order book, 2 min ago; OKX: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 2 min ago	0.19 bp	12.0 bp −$12	19.1 bp −$191	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.95 bp	16.6 bp −$17	98.7 bp −$987	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−1.276%	−0.4277%	1h	$2K	$7K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.078%	+0.0100%	1h	$78K	$238K	50x	as long as short
Variational Omni PENDLE	−0.077%	−0.0200%	8h	$661K	$2.2M	—	as long as short
edgeX PENDLEUSDC	−0.072%	+0.0100%	4h	$25K	$416K	10x	as long as short
Bybit PENDLEUSDT	−0.059%	+0.0100%	8h	$16.0M	$11.8M	50x	as long as short
Bitget PENDLEUSDT	−0.059%	+0.0100%	8h	$3.8M	$2.5M	75x	as long as short
Paradex PENDLE-USD-PERP	−0.043%	+0.0100%	8h	$36K	$29K	10x	as long as short
Binance PENDLEUSDT	−0.031%	+0.0058%	8h	$28.0M	$35.2M	75x	as long as short
Extended PENDLE-USD	−0.019%	+0.0056%	1h	$168K	$518K	10x	as long as short
BloFin PENDLE-USDTlong	0.000%	+0.0039%	8h	$1.4M	$816K	75x

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BingX PENDLE-USDT	+0.004%	+0.0100%	8h	—	$34.2M	—	as long as short
Gate PENDLE_USDT	+0.012%	+0.0100%	8h	$822K	$1.1M	75x	as long as short
Aster PENDLEUSDT	+0.016%	−0.0024%	8h	$52K	$133K	10x	as long as short
Lighter PENDLE	+0.020%	+0.0096%	1h	$560K	$356K	5x	as long as short
MEXC PENDLE_USDT	+0.027%	+0.0057%	8h	$17.0M	$2.2M	125x	as long as short
KuCoin PENDLEUSDTM	+0.051%	+0.0100%	8h	$950K	$566K	50x	as long as short
Orderly PERP_PENDLE_USDC	+0.070%	+0.0047%	8h	$20K	$4K	10x	as long as short
dYdX PENDLE-USD	+0.073%	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.074%	0.0000%	1h	$30K	$11K	10x	as long as short
Aevo PENDLE-PERP	+0.084%	+0.0096%	1h	$27K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.088%	+0.0017%	1h	$4K	—	15x	as long as short
OKX PENDLE-USDT-SWAPshort	+0.090%	+0.0100%	4h	$3.3M	$5.2M	50x
GMX PENDLE/USD [PENDLE-USDC]	+0.102%	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
SunX PENDLE-USDT	+0.117%	+0.0100%	8h	$2K	$1.6M	20x	as long as short
Polymarket Perps PENDLE-USD	+0.125%	+0.0100%	1h	$16K	$30K	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.207%	+0.0592%	1h	$116K	$439K	25x	as long as short
Hyperliquid PENDLE	+0.211%	+0.0100%	1h	$12.3M	$5.3M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.226%	+0.0756%	1h	$377K	$460K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.301%	+0.2113%	1h	$156K	$269K	20x	as long as short